Asia-Pacific Military Helicopters Market Size
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 2.50 Billion |
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Market Size (2030) | USD 2.21 Billion |
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Largest Share by Body Type | Multi-Mission Helicopter |
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CAGR (2024 - 2030) | -2.00 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Military Helicopters Market Analysis
The Asia-Pacific Military Helicopters Market size is estimated at 2.50 billion USD in 2024, and is expected to reach 2.21 billion USD by 2030, growing at a CAGR of -2.00% during the forecast period (2024-2030).
2.5 B
Market Size in 2024 (USD)
2.2 B
Market Size in 2030 (USD)
619
Total Deliveries in the Historic Period (2017-2023)
936
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Body Type
68.96 %
value share, Multi-Mission Helicopter, 2023
The ability to perform various combat missions is attracting several countries to focus more on the procurement of these helicopters.
Largest Market by Country
39.27 %
value share, China, 2023
Rising conflicts in Asia-Pacific and several border issues with neighboring countries have prompted the country to spend more on its military.
Leading Market Player
11.52 %
market share, Hindustan Aeronautics Limited, 2022
An extensive range of product offerings that include multi-mission helicopters, transport helicopters, and other helicopters for various countries is expected to support company's domination in the region.
Second Leading Market Player
9.29 %
market share, Turkish Aerospace Industries, 2022
The company's wide range of military helicopters is responsible for its market penetration in the region, making it the second-largest market player.
Third Leading Market Player
9.11 %
market share, Lockheed Martin Corporation, 2022
Lockheed Martin provides a wide range of high-performance combat and ISR rotorcraft, and its vast geographical presence allows it to be third leading player.
The multi-mission helicopters are expected to dominate the rotorcraft segment due to the large number of procurements
- Rotorcraft demand is fueled by increasing military conflict, terrorism, border disputes, territory breaches, and violations. To gain a military advantage over the opposition, major armed forces in the region, such as China and India, are focusing on upgrading their aging helicopter fleets and acquiring technologically advanced platforms to enhance their combat capabilities.
- In 2022, rotorcraft accounted for 52% of the total aircraft deliveries in the region. In terms of military helicopter procurements from 2017 to 2022, 490 military helicopters were procured in Asia-Pacific.
- In Asia-Pacific, China, Japan, and India are expected to purchase most of the helicopters during the forecast period. China is expected to purchase over 500 Russian Mi-17 helicopters. By 2039, Japan plans to purchase 150 Bell 412 helicopters. Around 90 helicopters are being planned to be purchased by India, including 24 MH-60Rs, 34 Dhruv ALHs, 26 SA-315s, and six AH-64Es. All these helicopters are expected to be delivered by 2028.
- In 2022, training and transport rotorcraft accounted for 2% and 11% of the total rotorcraft aircraft deliveries in the region. South Korea planned to procure 29, and Australia plans to procure 36 AH-64E attack helicopters by 2023 and 2027, respectively. Small nations such as Indonesia intend to procure 14 H225M and nine Bell 412i helicopters, respectively, while Malaysia may acquire six MD 530 and three AW 139 helicopters. Around 1093 rotorcraft are expected to be delivered in the region during the forecast period.
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Rising modernization of defense forces is leading to a surge in demand for military helicopters
- Several countries in Asia-Pacific are actively modernizing their defense forces to enhance their combat capabilities, leading to a surge in demand for military helicopters. In terms of military helicopter procurements during 2017-2022, 462 military helicopters were procured in Asia-Pacific. China procured most of the helicopters in the region with a share of 46%. Followed by China and India, South Korea has the largest share, with 20% and 9%, respectively.
- Additionally, the expansion of defense budgets in the region is a significant driver of this modernization drive. In 2022, the combined military expenditure of countries in Asia and Oceania was USD 575 billion. This was 2.7% more than in 2021. The growth in spending in 2022 was mostly attributed to increases in expenditure by China, India, and Japan, which together accounted for almost 73% of regional spending.
- Furthermore, the demand for multi-role helicopters in the region is on the rise as various governments are seeking versatile platforms that can perform a wide range of missions. Multi-role helicopters offer flexibility and cost-effectiveness by reducing the need for multiple specialized platforms, and this trend is driving the procurement of these helicopters. China, Japan, and India plan to procure the highest number of helicopters. China will procure 500 Mi-17 helicopters from Russia. Japan will procure 150 Bell 412 helicopters by 2039. India will procure around 102 helicopters, including 24 MH-60R, 34 Dhruv ALH, 26 SA-315, 12 Dornier 228, and 6 AH-64E. All these helicopters will likely be delivered by 2030. With such developments in place during 2023-2030, a total of 1,093 helicopters are expected to be procured by various armed forces in the region.
Asia-Pacific Military Helicopters Market Trends
Increased border tensions and the need for new aircraft has led to a surge in defense expenditure
- Asia-Pacific spent a total of USD 569 billion on military expenditures. Geopolitical conflicts such as border issues between China and India, internal security challenges, maritime surveillance, and counter-terrorism operations are some of the factors aiding the growth of the fixed-wing aircraft fleet of the countries in this region. The rise in military spending in China and India was the main cause of the increase in 2022. The combined military spending of the two nations in the region in 2022 was 66%. The increase in defense spending of the nations over the past ten years was driven by economic growth and territorial disputes.
- Major military powers, including India, China, Japan, and South Korea, are present in the Asia-Pacific region and are yearly growing their defense budgets. This budget includes a significant portion for the improvement and expansion of air superiority, which is driving the growth of military aviation in the region. For instance, in the budget of FY 2023, the Indian government allocated about 10% more for the Indian Air Force compared to the previous budget, including payments for the new Rafale fighters and the manufacturing of Sukhoi-30MKIs and Tejas fighters.
- The increased military spending in the Asia-Pacific region is intended to gain an advantage in several political and border conflicts, such as the tension in the South China Sea with many regional sovereign entities and border conflicts between India-China and India-Pakistan. The defense spending of major countries in China is expected to cross over USD 400 billion by 2030.
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Fleet modernization and new procurements are projected to improve the APAC's military active fleet
- By the end of 2022, there were 15,543 active aircraft in the Asia-Pacific region, of which fixed-wing aircraft accounted for 60% while rotorcraft accounted for the remaining fleet. China, India, Japan, and South Korea together accounted for 55% of the total active fleet in the region.
- In 2020, the average aircraft fleet age in Asia-Pacific amounted to 9.5 years, which was projected to increase by 2030, when the average aircraft fleet age across the region was expected to be 10.7 years. The older aircraft, some of which date back to the 1960s, have been slowly phased out by the Indian Air Force. The MiG 21 and MiG 27 have been the backbone of the Indian Air Force (IAF). The average age of these aircraft is around 45 years. Australia’s two fighter aircraft, FA-18 and F-35, have been in service for the last 16 years and 8 years, respectively.
- Countries such as China, India, and South Korea are expanding their aircraft fleet size to fulfill the demands of modern warfare. They may continue to produce and acquire next-generation aircraft during the forecast period. The regional armed forces are also enhancing the capabilities of helicopters with cutting-edge technology to obtain military superiority over the external threat.
- Asia Pacific's active fleet increased by 3% in 2022 compared to 2017. Indonesia and Thailand accounted for 63% of the total fleet in Southeast Asia. In the coming years, the aircraft fleet may increase as major countries like Thailand, Malaysia, Singapore, Indonesia, and the Philippines plan to procure over 135 aircraft. The active fleet of the region is expected to expand at a healthy rate during the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The Asia-Pacific economies have been subject to an increase in economic pressure due to a surge in public debt, which has had a negative impact on their defense spending
Asia-Pacific Military Helicopters Industry Overview
The Asia-Pacific Military Helicopters Market is fragmented, with the top five companies occupying 33.55%. The major players in this market are Hindustan Aeronautics Limited, Lockheed Martin Corporation, Textron Inc., The Boeing Company and Turkish Aerospace Industries (sorted alphabetically).
Asia-Pacific Military Helicopters Market Leaders
Hindustan Aeronautics Limited
Lockheed Martin Corporation
Textron Inc.
The Boeing Company
Turkish Aerospace Industries
Other important companies include Airbus SE, Leonardo S.p.A, MD Helicopters LLC..
*Disclaimer: Major Players sorted in alphabetical order.
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Asia-Pacific Military Helicopters Market News
- May 2023: The US State Department approved a potential sale of CH-47 Chinook helicopters, engines, and equipment worth USD 8.5 billion to Germany.
- March 2023: Boeing has been awarded a contract by the US government to manufacture 184 AH-64E Apache attack helicopters for the US military and international customers. The US government announced USD 1.95 million, indicating that the helicopter will be delivered to the US military and overseas buyers - specifically Australia and Egypt - as a part of the paramilitary process to the Foreign Service (FMS) from the US government. Contract completion is expected by the end of 2027.
- December 2022: The US Army was awarded a contract to supply next-generation helicopters to Textron Inc.'s Bell unit. The Army`s "Future Vertical Lift" competition aimed at finding a replacement as the Army looks to retire more than 2,000 medium-class UH-60 Black Hawk utility helicopters.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 45+ free charts, the section covers data on commercial aircraft deliveries by manufacturer, backlogs of commercial aircraft, active military aircraft fleet by type of aircraft, overall business jets and helicopters fleet by manufacturer and also classified by type of ownership.
Asia-Pacific Military Helicopters Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Gross Domestic Product
- 4.2 Active Fleet Data
- 4.3 Defense Spending
- 4.4 Regulatory Framework
- 4.5 Value Chain Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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5.1 Body Type
- 5.1.1 Multi-Mission Helicopter
- 5.1.2 Transport Helicopter
- 5.1.3 Others
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5.2 Country
- 5.2.1 Australia
- 5.2.2 China
- 5.2.3 India
- 5.2.4 Indonesia
- 5.2.5 Japan
- 5.2.6 Malaysia
- 5.2.7 Philippines
- 5.2.8 Singapore
- 5.2.9 South Korea
- 5.2.10 Thailand
- 5.2.11 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 Airbus SE
- 6.4.2 Hindustan Aeronautics Limited
- 6.4.3 Leonardo S.p.A
- 6.4.4 Lockheed Martin Corporation
- 6.4.5 MD Helicopters LLC.
- 6.4.6 Textron Inc.
- 6.4.7 The Boeing Company
- 6.4.8 Turkish Aerospace Industries
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR AVIATION CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- GROSS DOMESTIC PRODUCT, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 2:
- ACTIVE MILITARY AIRCRAFT FLEET BY COUNTRY, NUMBER OF AIRCRAFT, VOLUME, ASIA-PACIFIC, 2016 - 2030
- Figure 3:
- DEFENSE SPENDING, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 4:
- NUMBER OF NEW AIRCRAFT DELIVERIES, VOLUME, ASIA-PACIFIC, 2017 - 2030
- Figure 5:
- NUMBER OF NEW AIRCRAFT DELIVERIES, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 6:
- ROTORCRAFT DELIVERIES BY BODY TYPE, VOLUME, ASIA-PACIFIC, 2017 - 2030
- Figure 7:
- ROTORCRAFT DELIVERIES BY BODY TYPE, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 8:
- ROTORCRAFT DELIVERIES BY BODY TYPE, VOLUME %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 9:
- ROTORCRAFT DELIVERIES BY BODY TYPE, VALUE %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 10:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY MULTI-MISSION HELICOPTER, UNITS, 2017 - 2030
- Figure 11:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY MULTI-MISSION HELICOPTER, USD, 2017 - 2030
- Figure 12:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 13:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY TRANSPORT HELICOPTER, UNITS, 2017 - 2030
- Figure 14:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY TRANSPORT HELICOPTER, USD, 2017 - 2030
- Figure 15:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 16:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY OTHERS, UNITS, 2017 - 2030
- Figure 17:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY OTHERS, USD, 2017 - 2030
- Figure 18:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 19:
- ROTORCRAFT DELIVERIES BY COUNTRY, VOLUME, ASIA-PACIFIC, 2017 - 2030
- Figure 20:
- ROTORCRAFT DELIVERIES BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 21:
- ROTORCRAFT DELIVERIES BY COUNTRY, VOLUME %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 22:
- ROTORCRAFT DELIVERIES BY COUNTRY, VALUE %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 23:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY AUSTRALIA, UNITS, 2017 - 2030
- Figure 24:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY AUSTRALIA, USD, 2017 - 2030
- Figure 25:
- ROTORCRAFT DELIVERIES SHARE, VALUE, %, AUSTRALIA, 2023 VS 2030
- Figure 26:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY CHINA, UNITS, 2017 - 2030
- Figure 27:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY CHINA, USD, 2017 - 2030
- Figure 28:
- ROTORCRAFT DELIVERIES SHARE, VALUE, %, CHINA, 2023 VS 2030
- Figure 29:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY INDIA, UNITS, 2017 - 2030
- Figure 30:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY INDIA, USD, 2017 - 2030
- Figure 31:
- ROTORCRAFT DELIVERIES SHARE, VALUE, %, INDIA, 2023 VS 2030
- Figure 32:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY INDONESIA, UNITS, 2017 - 2030
- Figure 33:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY INDONESIA, USD, 2017 - 2030
- Figure 34:
- ROTORCRAFT DELIVERIES SHARE, VALUE, %, INDONESIA, 2023 VS 2030
- Figure 35:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY JAPAN, UNITS, 2017 - 2030
- Figure 36:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY JAPAN, USD, 2017 - 2030
- Figure 37:
- ROTORCRAFT DELIVERIES SHARE, VALUE, %, JAPAN, 2023 VS 2030
- Figure 38:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY MALAYSIA, UNITS, 2017 - 2030
- Figure 39:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY MALAYSIA, USD, 2017 - 2030
- Figure 40:
- ROTORCRAFT DELIVERIES SHARE, VALUE, %, MALAYSIA, 2023 VS 2030
- Figure 41:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY PHILIPPINES, UNITS, 2017 - 2030
- Figure 42:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY PHILIPPINES, USD, 2017 - 2030
- Figure 43:
- ROTORCRAFT DELIVERIES SHARE, VALUE, %, PHILIPPINES, 2023 VS 2030
- Figure 44:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY SINGAPORE, UNITS, 2017 - 2030
- Figure 45:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY SINGAPORE, USD, 2017 - 2030
- Figure 46:
- ROTORCRAFT DELIVERIES SHARE, VALUE, %, SINGAPORE, 2023 VS 2030
- Figure 47:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY SOUTH KOREA, UNITS, 2017 - 2030
- Figure 48:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY SOUTH KOREA, USD, 2017 - 2030
- Figure 49:
- ROTORCRAFT DELIVERIES SHARE, VALUE, %, SOUTH KOREA, 2023 VS 2030
- Figure 50:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY THAILAND, UNITS, 2017 - 2030
- Figure 51:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY THAILAND, USD, 2017 - 2030
- Figure 52:
- ROTORCRAFT DELIVERIES SHARE, VALUE, %, THAILAND, 2023 VS 2030
- Figure 53:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY REST OF ASIA-PACIFIC, UNITS, 2017 - 2030
- Figure 54:
- ASIA-PACIFIC MILITARY HELICOPTERS MARKET, BY REST OF ASIA-PACIFIC, USD, 2017 - 2030
- Figure 55:
- ROTORCRAFT DELIVERIES SHARE, VALUE, %, REST OF ASIA-PACIFIC, 2023 VS 2030
- Figure 56:
- MOST ACTIVE COMPANIES, NUMBER OF STRATEGIC MOVES, ASIA-PACIFIC, 2018-2023
- Figure 57:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2018 - 2023
- Figure 58:
- MAJOR PLAYERS REVENUE SHARE (%), ASIA-PACIFIC, 2023
Asia-Pacific Military Helicopters Industry Segmentation
Multi-Mission Helicopter, Transport Helicopter, Others are covered as segments by Body Type. Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Thailand are covered as segments by Country.
- Rotorcraft demand is fueled by increasing military conflict, terrorism, border disputes, territory breaches, and violations. To gain a military advantage over the opposition, major armed forces in the region, such as China and India, are focusing on upgrading their aging helicopter fleets and acquiring technologically advanced platforms to enhance their combat capabilities.
- In 2022, rotorcraft accounted for 52% of the total aircraft deliveries in the region. In terms of military helicopter procurements from 2017 to 2022, 490 military helicopters were procured in Asia-Pacific.
- In Asia-Pacific, China, Japan, and India are expected to purchase most of the helicopters during the forecast period. China is expected to purchase over 500 Russian Mi-17 helicopters. By 2039, Japan plans to purchase 150 Bell 412 helicopters. Around 90 helicopters are being planned to be purchased by India, including 24 MH-60Rs, 34 Dhruv ALHs, 26 SA-315s, and six AH-64Es. All these helicopters are expected to be delivered by 2028.
- In 2022, training and transport rotorcraft accounted for 2% and 11% of the total rotorcraft aircraft deliveries in the region. South Korea planned to procure 29, and Australia plans to procure 36 AH-64E attack helicopters by 2023 and 2027, respectively. Small nations such as Indonesia intend to procure 14 H225M and nine Bell 412i helicopters, respectively, while Malaysia may acquire six MD 530 and three AW 139 helicopters. Around 1093 rotorcraft are expected to be delivered in the region during the forecast period.
| Body Type | Multi-Mission Helicopter |
| Transport Helicopter | |
| Others | |
| Country | Australia |
| China | |
| India | |
| Indonesia | |
| Japan | |
| Malaysia | |
| Philippines | |
| Singapore | |
| South Korea | |
| Thailand | |
| Rest of Asia-Pacific |
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Market Definition
- Aircraft Type - All the military rotorcraft which are used for various applications are included in this study.
- Sub-Aircraft Type - For this study, all the military helicopters based on their application are considered.
- Body Type - Multi-Mission Helicopters, Transport Helicopters, Training Helicopters and various other rotorcraft are considered in this study.
| Keyword | Definition |
|---|---|
| IATA | IATA stands for the International Air Transport Association, a trade organization composed of airlines around the world that has an influence over the commercial aspects of flight. |
| ICAO | ICAO stands for International Civil Aviation Organization, a specialized agency of the United Nations that supports aviation and navigation around the globe. |
| Air Operator Certificate (AOC) | A certificate granted by a National Aviation Authority permitting the conduct of commercial flying activities. |
| Certificate Of Airworthiness (CoA) | A Certificate Of Airworthiness (CoA) is issued for an aircraft by the civil aviation authority in the state in which the aircraft is registered. |
| Gross Domestic Product (GDP) | Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period by countries. |
| RPK (Revenue Passenger Kilometres) | The RPK of an airline is the sum of the products obtained by multiplying the number of revenue passengers carried on each flight stage by the stage distance - it is the total number of kilometers traveled by all revenue passengers. |
| Load Factor | The load factor is a metric used in the airline industry that measures the percentage of available seating capacity that has been filled with passengers. |
| Original Equipment Manufacturer (OEM) | An original equipment manufacturer (OEM) traditionally is defined as a company whose goods are used as components in the products of another company, which then sells the finished item to users. |
| International Transportation Safety Association (ITSA) | International Transportation Safety Association (ITSA) is an international network of heads of independent safety investigation authorities (SIA). |
| Available Seats Kilometre (ASK) | This metric is calculated by multiplying Available Seats (AS) in one flight, defined above, multiplied by the distance flown. |
| Gross Weight | The fully-loaded weight of an aircraft, also known as “takeoff weight,” which includes the combined weight of passengers, cargo, and fuel. |
| Airworthiness | The ability of an aircraft, or other airborne equipment or system, to operate in flight and on the ground without significant hazard to aircrew, ground crew, passengers or to other third parties. |
| Airworthiness Standards | Detailed and comprehensive design and safety criteria applicable to the category of aeronautical product (aircraft, engine or propeller). |
| Fixed Base Operator (FBO) | A business or organization that operates at an airport. An FBO provides aircraft operating services like maintenance, fueling, flight training, charter services, hangaring, and parking. |
| High Net worth Individuals (HNWIs) | High Net worth Individuals (HNWIs) are individuals with over USD 1 million in liquid financial assets. |
| Ultra High Net worth Individuals (UHNWIs) | Ultra High Net worth Individuals (UHNWIs) are individuals with over USD 30 million in liquid financial assets. |
| Federal Aviation Administration (FAA) | The division of the Department of Transportation is concerned with aviation. It operates Air Traffic Control and regulates everything from aircraft manufacturing to pilot training to airport operations in the United States. |
| EASA (European Aviation Safety Agency) | The European Aviation Safety Agency is a European Union agency established in 2002 with the task of overseeing civil aviation safety and regulation. |
| Airborne Warning and Control System (AW&C) aircraft | Airborne Warning and Control System (AEW&C) aircraft is equipped with a powerful radar and on-board command and control center to direct the armed forces. |
| The North Atlantic Treaty Organization (NATO) | The North Atlantic Treaty Organization (NATO), also called the North Atlantic Alliance, is an intergovernmental military alliance between 30 member states – 28 European and two North American. |
| Joint Strike Fighter (JSF) | Joint Strike Fighter (JSF) is a development and acquisition program intended to replace a wide range of existing fighter, strike, and ground attack aircraft for the United States, the United Kingdom, Italy, Canada, Australia, the Netherlands, Denmark, Norway, and formerly Turkey. |
| Light Combat Aircraft (LCA) | A light combat aircraft (LCA) is a light, multirole jet/turboprop military aircraft, commonly derived from advanced trainer designs, designed for engaging in light combat. |
| Stockholm International Peace Research Institute (SIPRI) | Stockholm International Peace Research Institute (SIPRI) is an international institute that provides data, analysis, and recommendations for armed conflict, military expenditure, and arms trade as well as disarmament and arms control. |
| Maritime Patrol Aircraft (MPA) | A maritime patrol aircraft (MPA), also known as maritime reconnaissance aircraft is a fixed-wing aircraft designed to operate for long durations over water in maritime patrol roles, in particular, anti-submarine warfare (ASW), anti-ship warfare (AShW), and search and rescue (SAR). |
| Mach Number | The Mach number is defined as the ratio of true airspeed to the speed of sound at the altitude of a given aircraft. |
| Stealth Aircraft | Stealth is a Common term applied to low observable (LO) technology and doctrine, that makes an aircraft near invisible to radar, infrared or visual detection. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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